SATO vs. XMMO
SATO (Invesco Alerian Galaxy Crypto Economy ETF) and XMMO (Invesco S&P MidCap Momentum ETF) are both exchange-traded funds - SATO is a Cryptocurrency fund tracking the Alerian Galaxy Global Cryptocurrency-Focused Blockchain Equity, Trusts and ETPs Index, while XMMO is a Momentum fund tracking the S&P MidCap 400 Momentum Index. Both are passively managed. Over the past 3 years, SATO returned 21.83%/yr vs 23.81%/yr for XMMO. Their 0.55 correlation means they have sometimes moved together and sometimes differently. SATO charges 0.60%/yr vs 0.35%/yr for XMMO.
Performance
SATO vs. XMMO - Performance Comparison
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Returns By Period
In the year-to-date period, SATO achieves a -13.37% return, which is significantly lower than XMMO's 11.79% return.
SATO
- 1D
- -3.22%
- 1M
- -4.42%
- 6M
- -16.14%
- YTD
- -13.37%
- 1Y
- -18.39%
- 3Y*
- 21.83%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -3.90%
XMMO
- 1D
- 0.22%
- 1M
- -5.42%
- 6M
- 10.34%
- YTD
- 11.79%
- 1Y
- 20.56%
- 3Y*
- 23.81%
- 5Y*
- 13.41%
- 10Y*
- 18.04%
- ALL TIME*
- 12.11%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $33.71K | $38.05K | $74.17K | |
| $60.32M | $71.93M | $66.65M |
SATO vs. XMMO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SATO Invesco Alerian Galaxy Crypto Economy ETF | -13.37% | 2.26% | 55.25% | 266.77% | -80.20% | -17.33% |
XMMO Invesco S&P MidCap Momentum ETF | 11.79% | 13.04% | 38.03% | 20.39% | -16.02% | 7.64% |
Correlation
The correlation between SATO and XMMO is 0.56, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.56 |
Correlation (3Y) Balances recent behavior with more history. | 0.54 |
Correlation (All Time) Calculated using the full available price history since Oct 7, 2021 | 0.55 |
The correlation between SATO and XMMO has been stable across timeframes, ranging from 0.54 to 0.56 - a consistent structural relationship.
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Return for Risk
SATO vs. XMMO — Risk / Return Rank
SATO
XMMO
SATO vs. XMMO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Alerian Galaxy Crypto Economy ETF (SATO) and Invesco S&P MidCap Momentum ETF (XMMO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| SATO | XMMO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.32 | ||
| Sortino ratioReturn per unit of downside risk | -1.65 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.17 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | -0.42 | 1.38 | -1.80 |
| Martin ratioReturn relative to average drawdown | -0.67 | 5.81 | -6.49 |
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Drawdowns
SATO vs. XMMO - Drawdown Comparison
The maximum SATO drawdown since its inception was -88.00%, which is greater than XMMO's maximum drawdown of -55.37%. Use the drawdown chart below to compare losses from any high point for SATO and XMMO.
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Drawdown Indicators
| SATO | XMMO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -88.00% | -55.37% | -32.63% |
Max Drawdown (1Y)Largest decline over 1 year | -53.49% | -13.91% | -39.58% |
Max Drawdown (3Y)Largest decline over 3 years | -53.49% | -24.93% | -28.56% |
Max Drawdown (5Y)Largest decline over 5 years | — | -27.91% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -36.74% | — |
Current DrawdownCurrent decline from peak | -46.92% | -11.24% | -35.68% |
Average DrawdownAverage peak-to-trough decline | -50.68% | -9.42% | -41.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 33.62% | 3.29% | +30.33% |
Volatility
SATO vs. XMMO - Volatility Comparison
Invesco Alerian Galaxy Crypto Economy ETF (SATO) has a higher volatility of 16.55% compared to Invesco S&P MidCap Momentum ETF (XMMO) at 7.88%. This indicates that SATO's price experiences larger fluctuations and is considered to be riskier than XMMO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SATO | XMMO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.55% | 7.88% | +8.67% |
Volatility (6M)Calculated over the trailing 6-month period | 39.43% | 18.46% | +20.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 53.26% | 21.50% | +31.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 62.98% | 21.86% | +41.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 62.98% | 22.43% | +40.55% |
SATO vs. XMMO - Expense Ratio Comparison
SATO has a 0.60% expense ratio, which is higher than XMMO's 0.35% expense ratio.
Dividends
SATO vs. XMMO - Dividend Comparison
SATO's dividend yield for the trailing twelve months is around 7.74%, more than XMMO's 0.63% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SATO Invesco Alerian Galaxy Crypto Economy ETF | 7.74% | 9.50% | 15.03% | 2.21% | 8.97% | 0.73% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XMMO Invesco S&P MidCap Momentum ETF | 0.63% | 0.78% | 0.34% | 0.80% | 1.43% | 0.41% | 0.61% | 0.60% | 0.19% | 0.21% | 0.22% | 0.64% |
Frequently Asked Questions
SATO and XMMO have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SATO has higher volatility (16.55%) compared to XMMO (7.88%). In terms of maximum drawdown, SATO dropped -88.00% vs XMMO's -55.37%.
On 3-year performance, XMMO leads with 23.81% vs 21.83% for SATO. On fees, XMMO is cheaper at 0.35% per year. On volatility, XMMO has been the lower-risk option at 7.88%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, XMMO has performed better with a 23.81% return vs 21.83%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
XMMO is cheaper with a 0.35% expense ratio, compared with 0.60% for SATO.
SATO has the higher dividend yield at 7.74%, compared with 0.63% for XMMO.
SATO is categorized as Cryptocurrency, while XMMO is Momentum. SATO tracks Alerian Galaxy Global Cryptocurrency-Focused Blockchain Equity, Trusts and ETPs Index, while XMMO tracks S&P MidCap 400 Momentum Index. Their fees differ too: 0.60% for SATO and 0.35% for XMMO.
XMMO currently has the higher Sharpe Ratio (0.89 vs -0.42), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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